Company: ALLETE Inc. (ALE)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: ALLETE Inc provides competitively-priced energy in America’s Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company’s regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects. -Morningstar.com-
Symbol: ALE
Recent Price: $64.20
Dividends: $2.82
Yield: 4.39%
Sector: Utilities
Industry: Utilities-Diversified
Address & Company Phone #: 30 West Superior Street Duluth MN 55802-2093, 218-279-5000
Transfer Agent: Equiniti Group plc. 800-535-3056
Moody’s Rating: Baa1
Minimum & Maximum Investment: $25 – $500,000/year
Investment Dates: 1st/15th Monthly
Shares to Qualify: 1 Share or $250
Fees: Div.: 5% of amount invested up to $3 Max Cash: $3.50+6¢/sh. Cert: $0 Sells: by Mail or Fax for $15+5¢/sh.
52 Week High & Low: $65.86, $49.29